My Oracle Support Banner

Lease Account with spread FUTURE advancement method. Excess payment posted with a message "Spread Due Date Advancement Code can not be FUTURE" (Doc ID 2719453.1)

Last updated on OCTOBER 13, 2020

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.8.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR  
---------------

Lease Account. Default spread defined with FUTURE advancement method.ACC_FUNDING_TYPE_CD = CLOSE_END

When a payment is posted with this default spread for lease system post the payment but with a message "Spread Due Date Advancement Code can not be FUTURE"  .


EXPECTED BEHAVIOR
-----------------------
System should post the payment without any warning message

STEPS
-----------------------
The issue can be reproduced at will with the following steps:

1. Set the system parameter  TPE_EXCESS_PAYMENT_TO_MEMO = N.
2. Create Lease account where due amount will be 800
3. Execute billing job for first month. Check whether due created for 800.
4. Post an excess payment of 2000 by selecting the Payment spread as Future (advancement method) having the payment allocations for Lease receivables Billed
5. check the Payment allocation to Bill due . In summary screen Amount paid excess should displayed as 1200.
6. Execute the billing job for second month, check the due 800 generated.
7. Check Payment allocation to this Bill due for 800. Excess payment 1200 should have been allocated for this due
8. In summary screen Amount paid excess should display as 400.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, User not able to process the excess payment with Payment spread as Future (advancement method) having the payment allocations for Lease receivables Billed

Changes

 

Cause

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Symptoms
Changes
Cause
Solution


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.